Nifty –Spot today Traded well within our Trading range of 5475-5536 and ended with huge Gain of +1.2% to the level of 5546.45 with formation of a White Candle on Daily price chart. NNTF-Nifty Next Trend Finder has given Positive Crossover on Daily price chart, indicating the Mid-term Bullishness for Nifty. As per Volatility Skew of Nifty Options, It is falling for Puts and Rising for Calls and indicates the Nifty Has Strong Support at 5500 and may move up to 6000 levels in short-term. Avg. Implied Volatility for calls are declined by-13% while it increased for Puts by +0.60%.As Per our NNI-Nifty Next Indicators which declined by -105% in today Trading session, is at -0.15, along with increase in open-interest and Volume, suggest that Nifty may Trade with Positive Bias on 18 Feb 2011. Banking Stocks will perform negative on 18 Feb 2011.
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